Yes, Nifty closed at 22,161 (-742 pts) after a gap-down, but here’s the bullish lens:
• Price still above 21,900 – a major support & previous breakout zone
• Volume spike could indicate capitulation selling – smart money may be absorbing
• RSI nearing oversold – watch for a bounce
• Bullish structure intact as long as 21,900 holds
If buyers step in here, we may see a V-shape recovery.
This zone is where trendlines break… or bounce.
#Nifty #Nifty50 #TechnicalAnalysis #PriceAction #StockMarket #Bullish #NSE
• Price still above 21,900 – a major support & previous breakout zone
• Volume spike could indicate capitulation selling – smart money may be absorbing
• RSI nearing oversold – watch for a bounce
• Bullish structure intact as long as 21,900 holds
If buyers step in here, we may see a V-shape recovery.
This zone is where trendlines break… or bounce.
#Nifty #Nifty50 #TechnicalAnalysis #PriceAction #StockMarket #Bullish #NSE
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.